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Thursday, October 27, 2016 3:46:03 PM
Borregaard ASA (the "Company") refers to the Company's announcement on 25 October 2016 regarding a contemplated buy-back of up to NOK 200 million nominal amount of the bond issue BRG01 (ISIN: NO0010704117). Outstanding nominal value before the buy-back of bonds is NOK 400 million, and the bond issue matures on 26 February 2019.
The "reverse Dutch auction" closed at 16:00 CET 26 October 2016. The Company has decided to accept all offers up to and including a price of 101.1 % of par value (the "Buy-Back Price"). Bondholders that offered a lower price than the Buy-Back Price have received full volume allocation, while bondholders who offered their bond holdings at the Buy-Back Price have received a scale back in their offered volumes. The Company hereby confirms to buy back a nominal amount of NOK 200 million in BRG01 at the Buy-Back Price plus accrued interest on the settlement date, 31 October 2016.
Post settlement, the Company holds NOK 200 million nominal of the total NOK 400 million nominal outstanding amount in BRG01.
DNB Markets and SEB acted as Managers for the buy-back offer.
For further information, please contact:
Per Bjarne Lyngstad, CFO,
Tel: +47 95 24 45 15
PROVERBS 14:7 Stay away from fools, for you won’t find knowledge on their lips.
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